ZENN Motor Company Completes $15,225,000 Offering of Common Shares

May 30, 2008

ZENN Motor Company Inc. (TSX-V:ZNN), a producer of fully electric low speed vehicles producing zero emission transportation solutions for markets around the world, completed a short form prospectus offering of common shares raising gross proceeds of CDN $15,225,000. The common shares were sold with the assistance of a syndicate of agents led by Paradigm Capital Inc. and including Canaccord Capital Corporation.

Wildeboer Dellelce LLP acted for the agents in connection with the offering with a team that included Derek Sigel and Irene Kim (corporate/securities).

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